China’s Dongfeng Motor soars 69% on restructuring plans announcement
A worker, Dongfeng Peageot-Citroen Automobile Ltd. In a facility operated by a Peugeot 3008 Compact Sport-Utility Tool (SUV), Dongfeng Motor Corp. and the joint venture between PSA Peugeot Citroen in China.
Tomohiro Ohsumi | Bloomberg | Getty Images
China’s shares Dongfeng Motor Group After the company’s parent announced the Friday plans, they continued to trader on Monday since 2017 has reached their highest levels. To get the automobile manufacturer private.
Dongfeng Motor Group’s Hong Kong list increased by 69% before earning more than 57%, and Reuters reported to the buyer-private agreement company that it was worth $ 7 billion.
The Wuhan -based company is also preparing to overthrow and list the electric vehicle unit in Hong Kong.
The transaction was stopped in the company’s shares Between 11 August and 22 August, Dongfeng marked a possible key announcement.
Taking-private decision, a Description from the Chinese State Council in MarchIt shows that three major state manufacturers, including Dongfeng motor as part of their efforts to unite the sector and increase competitiveness, have been reconstructed potentially.
The company that publishes its earnings on Friday, Income for the first half of the year 6.6% increased to Yuan, 6.6% compared to the previous year (about 7.5 billion dollars).
In the earnings report, Dongfeng said that the “violent and complex landscape”, which faces the automotive industry, was “low probability of healing”.
“Domestic demand is expected to slow down slowly,” he said, adding that market segmentation will concentrate in the business view segment.
Dongfeng Motor, which is a partner with Nissan and Honda from Japan, said that it has delivered an 823,900 vehicles with a decrease of approximately 15% in the first half of 2025 compared to a year ago.
Nevertheless, sales of pure electricity and plug-in hybrid models increased by 33% to 204,400 units and made up about one quarter of the total delivery. He saw that sales of the Voyah series increased by 84.8% annually.
Last week, Dongfeng Motor Group It has been reported that 50% of its shares Dongfeng Honda Motor Company for sale. LSEG data showed that the company’s shares increased by about 150% annually.
Dongfeng Motor Group’s parent Dongfeng Motor Corporation was founded in 1969 and is one of the oldest car companies in China.
